Press Release: Mergers: Commission clears proposed acquisition of Procter & Gamble’s European tissue business by SCA, subject to conditions

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of the European tissue business of the US company Procter & Gamble by Sweden's SCA. Both companies are major suppliers of tissue paper products. The Commission's decision is conditional upon SCA's commitment to divest its "Softis" brand handkerchief/facials business". The Commission has concluded that the transaction, as modified by this commitment, would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.